Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "Security Operations Center Market Share, Size, Trends, Industry Analysis Report, By Type, By Component, By Deployment Type, By Organization Size, By End-Use, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global Security Operations Center (SOC) market size is expected to reach USD 13.50 billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Greater concerns associated with cyber-attacks and data breach, along with the rising need for continuous monitoring and analysis of data activity, has resulted in increased adoption of the Security Operations Center (SOC). Organizations are preemptively implementing solutions for threat management and centralized security on account of the rising adoption of mobile devices and increasing digitization.
Initiatives are taken by organizations to address regulatory mandates and manage threat detection and integrate proactive monitoring to support the growth of the industry. The adoption of cloud-based solutions and services has increased, especially among small and medium-sized businesses, on account of its affordability, greater processing power, and reduction in operational overhead.
The BFSI sector is a major user of the Security Operations Center (SOC). The greater need to safeguard sensitive consumer and financial data and prevent data breach supports the growth of this segment. Banks and financial institutions are adopting these solutions for reduced risks and improved safety while offering improved customer services. These services offer defense against frauds, threats & vulnerabilities.
North America dominated the global market owing to established infrastructure and early technological adoption. High acceptance of the Security Operations Center (SOC) by BFSI, healthcare, and automotive sectors for protection against cyber-attacks and data theft boosts the adoption. The presence of leading industry players in the region, along with the introduction of technologically advanced solutions, drive the industry growth in the region.
Security Operations Center (SOC) Market Report Highlights
- The market for incident response service is expected to hold a significant share during forecast period. This service enables the companies to address security regulations and meet industry standards promptly
- Professional services accounted for the largest revenue share on account of greater need to address security threats with high efficiency and greater results
- The cloud segment is expected to grow at a fast pace on account of its affordable price and high processing capabilities
- By end-use, the healthcare industry is expected to be the fastest growing segment during the forecast period owing to greater need to protect sensitive patient data
- North America region will lead the global market by 2030. This is due to the growing demand for cloud computing services in the region.
- The global market is highly competitive owing to the existence of large market players with global presence including Airbus Cybersecurity, Atos, AT&T Inc., Binary Defense, BitLyft Cybersecurity, Check Point, and CyberSecOp among others
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Security Operations Center (SOC) Market Insights
4.1. Security Operations Center (SOC) - Industry Snapshot
4.2. Security Operations Center (SOC) Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing number of cyberattacks
4.2.1.2. Rise in the amount of data generated by organizations
4.2.2. Restraints and Challenges
4.2.2.1. Lack of trust in third party vendors
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Security Operations Center (SOC) Industry Trends
4.6. COVID-19 Impact Analysis
5. Global Security Operations Center (SOC) Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Security Operations Center (SOC) Market, by Type, 2018 - 2030 (USD Billion)
5.3. Detection Service
5.3.1. Global Security Operations Center (SOC) Market, by Detection Service, by Region, 2018 - 2030 (USD Billion)
5.4. Prevention Service
5.4.1. Global Security Operations Center (SOC) Market, by Prevention Service, by Region, 2018 - 2030 (USD Billion)
5.5. Incident Response Service
5.5.1. Global Security Operations Center (SOC) Market, by Incident Response Service, by Region, 2018 - 2030 (USD Billion)
6. Global Security Operations Center (SOC) Market, by Component
6.1. Key Findings
6.2. Introduction
6.2.1. Global Security Operations Center (SOC) Market, by Component, 2018 - 2030 (USD Billion)
6.3. Solution
6.3.1. Global Security Operations Center (SOC) Market, by Solution, by Region, 2018 - 2030 (USD Billion)
6.4. Professional Services
6.4.1. Global Security Operations Center (SOC) Market, by Professional Services, by Region, 2018 - 2030 (USD Billion)
7. Global Security Operations Center (SOC) Market, by Deployment Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Security Operations Center (SOC) Market, by Deployment Type, 2018 - 2030 (USD Billion)
7.3. On-Premises
7.3.1. Global Security Operations Center (SOC) Market, by On-Premises, by Region, 2018 - 2030 (USD Billion)
7.4. Cloud
7.4.1. Global Security Operations Center (SOC) Market, by Cloud, by Region, 2018 - 2030 (USD Billion)
8. Global Security Operations Center (SOC) Market, by Organization Size
8.1. Key Findings
8.2. Introduction
8.2.1. Global Security Operations Center (SOC) Market, by Organization Size, 2018 - 2030 (USD Billion)
8.3. Small & Medium Enterprises
8.3.1. Global Security Operations Center (SOC) Market, by Small & Medium Enterprises, by Region, 2018 - 2030 (USD Billion)
8.4. Large Enterprises
8.4.1. Global Security Operations Center (SOC) Market, by Large Enterprises, by Region, 2018 - 2030 (USD Billion)
9. Global Security Operations Center (SOC) Market, by End-Use
9.1. Key Findings
9.2. Introduction
9.2.1. Global Security Operations Center (SOC) Market, by End-Use, 2018 - 2030 (USD Billion)
9.3. BFSI
9.3.1. Global Security Operations Center (SOC) Market, by BFSI, by Region, 2018 - 2030 (USD Billion)
9.4. Public Sector
9.4.1. Global Security Operations Center (SOC) Market, by Public Sector, by Region, 2018 - 2030 (USD Billion)
9.5. Healthcare
9.5.1. Global Security Operations Center (SOC) Market, by Healthcare, by Region, 2018 - 2030 (USD Billion)
9.6. Aerospace & Defense
9.6.1. Global Security Operations Center (SOC) Market, by Aerospace & Defense, by Region, 2018 - 2030 (USD Billion)
9.7. Others
9.7.1. Global Other Security Operations Center (SOC) Market, by Region, 2018 - 2030 (USD Billion)
10. Global Security Operations Center (SOC) Market, by Geography
11. Competitive Landscape
11.1. Expansion and Acquisition Analysis
11.1.1. Expansion
11.1.2. Acquisitions
11.2. Partnerships/Collaborations/Agreements/Exhibitions
12. Company Profiles
12.1. Airbus Cybersecurity
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Benchmarking
12.1.4. Recent Development
12.2. Atos
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Recent Development
12.3. AT&T Inc
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Recent Development
12.4. Binary Defense
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Recent Development
12.5. BitLyft Cybersecurity
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Recent Development
12.6. Check Point
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Recent Development
12.7. CyberSecOp
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Recent Development
12.8. eSec Forte
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Recent Development
12.9. eSentire Inc
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Recent Development
12.10. IBM Corporation
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Recent Development
12.11. Kaseya Limited
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Recent Development
12.12. Radar Cyber Security (RadarServices Smart IT-Security GmbH)
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Recent Development
12.13. SecureKloud Technologies
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Recent Development
12.14. Tata Consultancy Services
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Recent Development
12.15. Verizon Communication
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/o6ag8p
Attachment
